Jushi (OTCMKTS:JUSHF) Rating Lowered to Moderate Buy at ATB Cormark Capital Markets

Jushi (OTCMKTS:JUSHF) was downgraded by analysts at ATB Cormark Capital Markets from a “strong-buy” rating to a “moderate buy” rating in a report issued on Wednesday,Zacks.com reports.

Jushi Trading Up 2.7%

Shares of JUSHF stock opened at $0.52 on Wednesday. The firm has a market capitalization of $102.16 million, a price-to-earnings ratio of -1.48 and a beta of -0.91. The business’s 50-day moving average price is $0.51 and its 200-day moving average price is $0.58. Jushi has a 12 month low of $0.23 and a 12 month high of $0.98.

Jushi (OTCMKTS:JUSHF) last released its quarterly earnings data on Tuesday, March 31st. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.02). The firm had revenue of $68.34 million during the quarter, compared to the consensus estimate of $67.50 million. On average, sell-side analysts predict that Jushi will post -0.23 earnings per share for the current fiscal year.

About Jushi

Jushi Holdings Inc is a vertically integrated cannabis company engaged in the cultivation, manufacturing and sale of cannabis products across the United States. The company operates cultivation and processing facilities that support a diversified portfolio of consumer brands, serving both medical and adult-use markets. Through its in-house operations, Jushi produces hand-trimmed flower, pre-rolls, vaporizers, concentrates, edibles and topicals.

Jushi’s brand lineup includes Foray, Levia and Beboe, each designed to address distinct consumer preferences and consumption occasions.